Bitcoin ETFs See Strongest Inflow in 4 Weeks Amid SpaceX IPO Frenzy
Bitcoin ETFs just snagged their biggest inflow in a month, snapping a brutal withdrawal streak. This surge happened on the same day SpaceX dropped its record-breaking IPO, showing crypto demand isn't blinking.
Bitcoin spot ETFs just pulled in $85.85 million, the biggest daily haul in four weeks. This flips the script after a five-day losing streak that bled nearly $727 million. It’s a clear signal that the bears might be losing steam.
The inflow reversal came on June 12, the same day SpaceX launched its massive Nasdaq IPO. Despite the massive capital raise competing for investor dollars, Bitcoin ETFs saw renewed interest. This suggests crypto demand remains robust, not just rotating out.
This isn't just a blip. It follows a rough patch where ETFs saw outflows for 13 straight sessions, driven by geopolitical fears that hammered BTC prices. But a recent de-escalation in Middle East tensions has boosted sentiment, pushing Bitcoin back above $63,000.